Absolutely nothing wrong with MU. Today was all overall market related, and for a good part of the day it held up better than many other good names. Sometimes it is said MU just can't get a good market break...today was one of those days, and there may be more. But if you are a long term investor this is just a speed bump, and we have been quite a bit lower than here. 27.62/4.64=5.95 Q4 PE Sept 27.62/6.12=4.51 Q1 PE Dec
I see the future, as you now all know. I say that the markets end the week with a double down (just like the Donald). Futures are off already (told you I see them) and the gaps will be easier for the MM to fill now. They will fill the $28 gap in the next 2 days and close near $28.50 Friday giving y'all a .50 gain for the week and dousing all the calls at $29+.
Today MU was the most active by VOLUME on the Naz, a title it receives often. The number that matters for Wall St., is the NUMBER of trades made daily. AAPL was first again at 156,000 and MU was close with 135,000. MU is always near the top in NUMBER of trades made. This is why MU is a trader's stock and a Wall St. money machine. This doesn't discount the value of a good company, it just provides us all with numerous chances to make money as she posts new highs going ahead. I hope this helps some of you, my wife says why do I bother helping strangers??????
So how does Micron earnings fair against their guidance looking at the past year? For Q4 of 2016 they guided revenue of $2.9 Billion to $3.2 Billion. Their actual was at the high end with $3.2 Billion. For Q1 of 2017 they guided revenue of $3.55 Billion to $3.85 Billion. Their actual was above the high end with $3.97 Billion. For Q2 of 2017 they guided revenue of $4.35 Billion to $4.7 Billion. Their actual was almost at the high end with $4.65 Billion. For Q3 of 2017 they guided revenue of $5.20 Billion to $5.60 Billion. Their actual was almost at the high end with $5.57 Billion. And each time they guided, the guidance was well above street expectations at the time. So now they are guiding $5.70 Billion to $6.10 Billion. Chances are they will come in at or above high end of $6.10 Billion with EPS of at or above $1.87 And I have a strong feeling, guidance for Q1 of 2018 will be higher than the results of Q4 of 2017.
Holding until $40 then reassessing from there.
Hi guys. Just got back from the golf course. Shot an 83 today (43/40) so it was a good day.
Looks like both the market and MU got creamed today and we're not even near September yet. Buckle up guys, there could be more of the same coming. It could be something as fragile as Gary Cohn leaving the White House. I just heard someone on CNBC say that if Cohn leaves, the market is going to take a big hit. Too much negative stuff right now to be in the market and the next catalyst for MU won't be coming until October.
Sorry to see that you bought back in today Quanzo. I hope you made the right decision.
Cramer just stated MU is a BUY on CNBC due to CSCO earnings call.
Cramer says one thing. Fast Money says the opposite. (See postings below). Ever get the impression that CNBC talks out of both sides of its mouth?
Funeral of shorts has begun
Najarian bros say Steve Cohen added to his micron stake.
Am in 29.90 !!! hope am wrong on tomorrow which may see 29 to 29.50
In Cisco's 4Q earnings call yesterday, they made numerous references to how memory pricing is impacting them.
"While our total gross margin was solid, our product gross margin is continuing to be negatively impacted by memory pricing which we expect to continue in the near term."
Discussing product margins - "The one and the biggest impact by far has been the increase of memory pricing and DRAM specifically for the overall business that accounts for more than half of the 2 points decline."
"we've talked about memory for the last three quarters and now we start to see this as a headwind initially in Q2 and it's just gotten progressively worse. I think it's very much public information that the prices continue to climb and in this scarce supply environment, our supply team has done a great job securing supply for us but those prices continue to be at market at that price that goes forward."
"As I look forward I think, we expect the memory pressure to continue on in the near term and we're taking that into account as we give you guidance going forward for Q1."
"A large majority of the inventory increase is driven by memory advanced purchases. So that protects us in for a large portion but we also have been as I mentioned in the lack -- we've also been securing and committing to our purchase commitments for even more access to supply that also will ensure that we have the supply albeit perhaps at higher prices if they continue to rise."
Regarding gross margins - "So I think it's really the big question mark and the big headwind is the memory."